How to Make Bag Big Gains from ‘Fire Sale’ Stocks

Wall Street is still in chaos. Yesterday, regulators seized America’s biggest savings and loan bank WaMu (NYSE:WM) and sold it to JPMorgan Chase (NYSE:JPM). It was the most spectacular bank failure in US history. The crisis, and the bungled attempts of the government to ‘fix’ it, is setting up some great contrarian investment plays.